Circuit of the Americas Extends F1 Contract Through 2034

The Circuit of the Americas (COTA) in Austin, Texas, has secured its place on the Formula 1 calendar until 2034, solidifying its role as a cornerstone of F1's success in the United States. This long-term extension highlights the event's immense popularity and significant economic impact on the region.

Why it matters:

• COTA's continued presence is crucial for F1's strategic growth in the key US market, maintaining a well-established and highly successful event.
• The extension ensures stability for F1's American footprint, contrasting with changes seen in other traditional European venues.
• It guarantees over a decade more of high-quality racing and a vibrant festival atmosphere that draws hundreds of thousands of fans annually, contributing significantly to the local economy.

The Details:

• COTA has been a fixture on the F1 calendar since its debut in 2012, consistently delivering thrilling races and a unique fan experience.
• The event regularly attracts massive crowds, with recent editions exceeding 430,000 attendees.
• F1 President and CEO Stefano Domenicali emphasized COTA's role as a highlight for fans, drivers, and teams.
• COTA Chairman Bobby Epstein credited the renewal to the passion of fans and strong community support.
• Historic Milestone: With this extension, COTA is set to surpass Watkins Glen in 2033 as the longest-serving F1 track in the United States.
• Race Winners: The 5.5-kilometer circuit has seen six different winners across 13 editions, with Lewis Hamilton holding the record for five victories.
  • Max Verstappen, with his recent win, is now just one victory shy of Hamilton's record at COTA.

By the numbers:

• Over its first decade, the US Grand Prix at COTA generated an estimated US$7 billion (A$10.8 billion) in economic impact.
• The 2023 event alone contributed more than US$1 billion (A$1.5 billion) in direct and indirect spending.
• It also generated US$38 million (A$58.6 million) in state tax receipts from the 2023 event.

The big picture:

This extension makes Austin the last race from this year's F1 calendar to secure its future beyond 2026, indicating confidence in COTA as a premier venue. This comes as other circuits face uncertainty or replacement:

• The Dutch Grand Prix at Zandvoort is currently slated to conclude in 2026.
• Spain's traditional Barcelona round is expected to be replaced by the new Madrid Grand Prix, set to debut next year.
• Imola will not return to the calendar after the end of this season.

What's next:

COTA's long-term contract provides a stable foundation for F1's presence in the US for years to come. It reinforces Austin's position as a key global sporting destination and ensures fans will continue to enjoy world-class racing and entertainment at one of F1's most popular venues.